2005-11-29 Retirement Board Minutes

Home Browse Search

- 954 MINUTES OF THE READING RETIREMENT BOARD MEETING TUESDAY, November 29, 2005 The Reading Retirement Board held a regular session meeting on November 29, 2005, in the Accounting and Finance Department Office, Town Hall, Reading, Massachusetts. The meeting was called to order at 6:00 P.M. by Chairman Joseph Veno in the presence of members Francis Driscoll, Gail LaPointe, Elizabeth Klepeis, Daniel Seferian, and Board Administrator, Colleen Loughlin. Leone Sullivan and her husband attended this meeting to discuss her accidental disability application. MINUTES • Regular session minutes for the September 28, 2005 meeting were signed by all board members who were present except Richard Foley who is no longer on the board. DAN SEFERIAN moved to accept the October 26, 2005 regular session minutes as amended. SECONDED BY: FRANCIS DRISCOLL VOTED: (5 -0 -0) UNANIMOUS APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS • DAN SEFERIAN moved to approve the following transfer to Winchester Retirement: Karen DeAngelis To Winchester Retirement $15,254.88 3 years, 9 months (Retirement) SECONDED BY: GAIL LAPOINTE VOTED: (5 -0 -0) UNANIMOUS • DAN SEFERIAN moved to approve final calculations for the following superannuation retirement approved by PERAC: Richard Foley Accounting 9/30/05 36 years, 7 months Option A Annuity $ 9,917.04 Pension $47,167.92 Yearly $57,084.96 Monthly $ 4,757.08 SECONDED BY: FRANCIS DRISCOLL VOTED: (4 -0 -1) ABSTAINED: ELIZABETH KLEPEIS • DAN SEFERIAN moved to approve retirement application for the following members: John Thiffault School 11/4/05 ( Superannaution) James Fusco Health 1/14/06 (Superannuation) Sealer of Weights William High Public Works 1/31/06 (Superannuation) 11 years, 0 months Option C 10 years, 0 months Option A 44 years, 1 month Option A